The standard QR code to be announced this month

The Bank of Thailand will announce its standardized quick response (QR) code for electronic cash payments later this month, Fund Minister Apisak Tantivorawong said.

c1_1303132_620x413With a standard code, financial institutions would be able to introduce QR code-based payment services, he said.

Unlike payment with credit, QR services bear lower expenses than payment with cards and electronic data capture (EDC) terminals, the minister said. Fake is impossible and fraud is rare with QR payments.

However, EDC terminals should still be installed because of the fact that not all people have smart gadgets to utilize QR code services, Mr Apisak said.

The government intends to install 560,000 EDC terminals at chosen areas by next March. As of June, 184,000 had been installed.

Utilization of a QR code allows clients make charge payments in seconds, for instance by just scanning the QR code on their paper or electronic bill with their mobile or tablet gadget.

Recharge Thailand mobile phones thru AIS top up

The minister also reported progress on the national e-payment scheme.

To date, 31.5 million individuals had enlisted for PromptPay money transfer services. Of these, 23.5 million individuals enrolled with their ID cards and the rest with their cell phone numbers.

Mr Apisak said that next year the government would pay and receive cash totally via electronic means.

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How to Cut Down Electricity Bill Through Solar Power

With the continuous increase in power rates in the Philippines today, more and more Filipinos are finding another alternative energy source. And one electricity source that is becoming common among many households right now is the solar panel.

Mike De Guzman, a Makati homeowner shares how he is able to cut his electricity bill by half using solar power. He used to pay an electric bill that hits about P24,000 per month for his two-story house in Makati. But since the day he installed and chose to add a device that can generate electricity through solar panels and produce electricity supply that is enough to support the power needs of his appliances 10 months ago, he is now paying only around P9,000 to P12,000 per month.


But why did his electricity bills lowered down this past few months? Did his electricity rate per hour get cheaper than the other residents in Metro Manila? Or is he using some hocus pocus to decrease his electric bill?

Well, in a way, he did some hocus pocus. But wait, he is doing it in a good way, of course. The main reason why his electricity bill got down is that around 80 percent of the total electricity consumption of his entire household is from the sun. How has he done this? Simple, by using a couple of solar panels.

De Guzman covered his roof with 20 solar panels. This number of solar panels can be able to produce an average electricity of 675 kilo-Watt-hours which is equivalent to around P8,000 electricity bill.


The amount of sunshine in the Philippines is considered well enough to generate renewable electricity through solar photovoltaic  panels. And since the electricity homeowners get from Meralco is getting more costly as time passes by, making use of the solar energy is one of the best options to cut down electricity bill.

The household f De Guzman make use of the power generated from the heat of the sun from 8:00 o’clock in the morning until 5:00 o’clock in the afternoon. He then uses the electricity supplied by Meralco during night time when the sun is down.

De Guzman’s is one of the first households in the entire nation to utilize the renewable energy or net metering program of Meralco. The program allows Filipino households to sell back the excess electricity that was being produced by solar panels or by using other renewable energy systems. The proceeds will then be treated as credits which can be used to decrease the electricity bill of the household for the next month.

Meralco designed the renewable energy program to adhere to theRenewable Energy Act of 2008. This act allows all households  to come up with at most 100 kilo-Watt peak of installed  solar panels or other renewable energy generators under net metering. Meralco also stated this June that they have already completed the IRR or Implementing Rules and Regulations for the said net energy metering or NEM program. This electricity policy was designed for households who are operating  their own on-site power systems like solar photovoltaic  panels.